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14 July 2021 | 3 replies
This will help you get a better idea of what tile, hardwood, carpet, plumbing fixtures and light fixtures costs for your rehabs.#3 Contact Local Contractors for Labor Pricing / Hire a GC to ConsultCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.You can also pay a General Contractor a consulting fee of a couple of hundred dollars (per house) to walkthrough a few properties with you and provide a detailed estimate of prices that you can use as your 'menu for future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.
14 July 2021 | 2 replies
@Joseph ChilcoatBuilding is very difficult, building for your first time is very difficult, building a 4 unit for your first investment property ever is even more difficult.Why not just use your VA loan to buy a 4 unit that needs some light cosmetic work and just learn the rehab process in more gradual steps there instead of risking it on the new build?
14 July 2021 | 2 replies
I am curious if anyone can shed some light on liability when selling your own property with your RE license.
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13 July 2021 | 0 replies
We did a good renovation and I am very confident in my branding skills.
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14 July 2021 | 9 replies
Could you shed some light on that?
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20 July 2021 | 2 replies
Aloha, me and my fiancé are in the process of finishing up a light cosmetic rehab on a buy and hold condo.
16 July 2021 | 3 replies
The Lighter Side of Real Estate (I am not affiliated with them at all) has funny stuff you can share for free with their branding, or you can subscribe to remove the branding.
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14 July 2021 | 2 replies
All capex Items except the roof (was redone right before I bought it), flooring, paint, landscaping, toilets, faucets, light fixtures, door hardware, outlets..... you name it we probably updated it.
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16 July 2021 | 7 replies
@Jordan Moorhead If I refinance my thought is that I’d be replacing my old mortgage with a brand new one, starting the loan over.
15 July 2021 | 1 reply
New toilet seats, new door knobs, light fixtures, and blinds.